I don't like the CB here while his cold calling range which is just ~10% has hardly hit such a flop and most of his range will continue. I doubt that we have enough of fold equity vs the range.

From the overall range I would assume him going to continue ~75% of the range which means: PPs/Ax hands which is mainly his calling range.

Which means we have only 25% fold equity. We CB into $1,5 -> $1,15 which means we need ~44% fold equity which we don't get. Therefore in long run we ain't showing profit with the CB unless we plan to CB at least 2x or even 3x while I can't see this guy folding.